Q. What do you mean by private sector and public sector?

Q. What are the various forms of business organizations in private sector?

Q. Define sole proprietorship.

Q. Explain the features of sole proprietorship.

Q. Write the merits and limitations of sole proprietorship form of organization.

Q. What is unlimited liability?

Q. What are the problems of sole proprietorship form which gave rise to the partnership?

Q. Define partnership.

Q. Write the features of partnership.

Q. Write the advantages and limitations of partnership.

Q. What is partnership deed?

Q. Explain the terms: mutual agency, joint and several liabilities of partners, partnership business carried on by all or any of them acting for all, in the context of partnership.

Q. Write the types of partners.

Q. Write the types of partnership on the basis of duration.

Q. What are the types of partnership on the basis of liability of members?

Q. Is it necessary to put the agreement of partnership agreement in writing? Explain.

Q. Is the registration of partnership compulsory? Explain.

Q. What are the consequences of non-registration of partnership firm?

Q. Explain the procedure of registration of partnership firm.

Q. Which law regulates the working of partnership firm?

Q. Explain minor as a partner.

Q. Define: Joint Hindu family business, Karta, coparcener.

Q. Name the two schools of thought associated with the H.U.F.

Q. Name the two systems for governing the membership of J.H.F.

Q. Explain the features of H.U.F.

Q. Explain the advantages and limitations of H.U.F.

Q. What is cooperative society?

Q. What are the features of cooperative society?

Q. Write the advantages and limitations of cooperative society?

Q. Which law regulates the working of cooperative societies in India?

Q. What are the types of cooperative societies?

Q. What is the effect of certificate of registration in case of cooperative society?

Q. Define company.

Q. What are the features of company form of organization?

Q. What are the advantages and limitations of company form of organization?

Q. Write note on: company as an artificial person, perpetual succession, and common seal in the context of company form of organization.

Q. Explain the types of company: private and public.

Q. What are the features of a private company?

Q. What are the features of a public company?

Q. Distinguish between private company and public company.

Q. What are the stages in the formation of a private company and public company?

Q. What do you mean by promotion of a company?

Q. Who are promoters of a company?

Q. Who can become promoters of a company?

Q. How are promoters paid for their services?

Q. What is the position of promoters of a company?

Q. What is incorporation?

Q. What is the effect of certificate of incorporation of a company?

Q. Write the stages in the formation of a public company, after passing the stages required to form a private company.

Q. What are the privileges enjoyed by the private company over the public company?

Q. What do you mean by minimum subscription?

Q. What is the effect of certificate to commence business?

Q. What is Memorandum of association of a company?

Q. What are the different clauses of Memorandum of association of a company?

Q. What is Authorized capital?

Q. What do you mean by Articles of Association of a company?

Q. Briefly explain the activities undertaken by cooperative societies.

Q. “One man control is best in the world.” Explain.

Q. All the members of a company sitting in a general meeting were killed by a bomb. Do you think the company as wound up?

Q. ”Karta is the most active member in a Joint Hindu Family. He is too powerful to ruin the  business.”Comment.

Q. Discuss the reasons for the superiority of Joint Stock Company over Sole Proprietorship and Partnership.

Q. ”A private company is a compromise between partnership and public company.”Explain.

Q. “Registration of partnership firm is not compulsory but desirable.” Do you agree? Give reasons in support of your answer.

Q. In what type of business organization, individuals associate voluntarily for profit, having capital divided into transferrable shares, the ownership of which is the condition of membership? Explain with features.

Q. If registration is optional, why do partnership firms willingly go for legal formality of registration? Explain .

Q. Who are signatories to the Memorandum of association of a company and Articles of Association of a company?

Q. Is it compulsory for a company to have its own Memorandum of association of a company and Articles of association of a company?

Q. Distinguish between Memorandum of association of a company and Articles of association of a company.

Q. Explain the factors to be considered for the choice of form of organization for starting a business.

Q. Explain various factors that should be considered to set up a business.

Q. Write the name of form of business organization found only in India.

Q. Name two types of business in which sole proprietorship is very suitable.

Q. Name the person who manages a Joint Hindu Family business.

Q. Enumerate the two conditions necessary for formation of Joint Hindu Family business.

Q. Name the type of Company  which must have a minimum paid up capital of 5 lakhs.

Q. You are Mohit .You and your friend Ankit are interested in floatation of a Private company. Briefly discuss the steps you will have to take.

Q. Which form of business is suitable for following types of business and why?

a) Beauty Parlour

b) Coaching centre for Commerce Students

c) Chartered Accountants firm

d) Stitching uniform for school students.

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